MJBizDaily
Federal marijuana rescheduling means institutional capital is coming to cannabis investing
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Cannabis legislation in Ontario expected in late September
Ontario’s Progressive Conservative government is expected to introduce legislation in late September to regulate the recreational cannabis industry, according to multiple sources with knowledge of the matter.
News September 8
L.A. crackdown: 105 unlicensed cannabis firms, 500-plus people targeted
Los Angeles prosecutors have filed misdemeanor charges against 515 people in a clampdown on 105 illegal marijuana businesses in the city – a move that could benefit legal MJ companies…
News September 7
Nevada marijuana business faces flurry of financial fraud suits
CWNevada, one of Nevada’s largest cannabis companies, has been sued for alleged fraud, failure to repay millions of dollars to its lenders and misusing intellectual property. “While local and national…
News September 7
FL cannabis lobbyist turned political candidate sees second bank account shut
A second bank has terminated the campaign account of Nikki Fried, a pro-medical marijuana Democrat who is running to become Florida’s agriculture commissioner. Fried said the bank, BB&T of Winston-Salem,…
News September 7
Former North Dakota AG leads new group opposing legalized marijuana
As North Dakota voters look to decide whether to approve adult-use cannabis in the state’s November general election, opposition is mounting. Former North Dakota Attorney General Bob Wefald is reportedly leading…
News September 7
US cannabis listings in Canada rise as investor interest spikes
A record number of U.S.-based marijuana companies are turning to Canada to fund aggressive expansion in the United States and globally. The companies, which face investment constraints in the United…
News September 7
MedMen inks CA$75M equity financing deal to expand US cannabis operations
Los Angeles-based MedMen Enterprises says it expects to raise up to 75 million Canadian dollars ($57 million) in a bought-deal equity financing plan, with the proceeds to be used to…
News September 7
Week in Review: Long wait for Oregon rec cannabis permits, OK docs told no MMJ & New Jersey deluged by applicants
New recreational cannabis applicants in Oregon have to wait at least a year for a license, many Oklahoma doctors are told not to recommend medical marijuana, and New Jersey receives…
News September 7
California marijuana company Canndescent closes $13 million funding round
California marijuana cultivator Canndescent announced Thursday that it has closed a $13 million Series C Convertible funding round to help finance the company’s expansion into new state markets. The company…
News September 6
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